Quote:
Originally Posted by aschen
Money Guys podcast has great basic advice if she is open to listening
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This would be my suggestion as well - they're pretty good.
I personally believe that everyone should save 25% of whatever they make. Of course that is not easy to do if you've not been saving anything but you can work up to it over time.
Next, I would follow Buffet's advice and that is, if you don't know what you are doing, then invest your money in an index fund like Vanguard S&P500 VOO. And, to get this person interested, maybe start small and invest $100 and then commit to an amount per paycheck (say $25 or more depending on income). I would recommend doing this via direct deposit. And lastly, get them involved with their company 401k if they have one.